Renewable energy revitalizes ailing economies

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mikeg We recently put out a new edition of our Energy [R]evolution plan (here's the full report, and here's the executive summary) and the timing could not have been better. We are faced with two major crises right now: global warming and the economic meltdown. Investing in renewable energy can solve both of these crises, and the Energy [R]evolution shows how.

The report provides a practical blueprint for rapidly cutting energy-related CO2 emissions in order to help ensure that greenhouse gas emissions peak and then fall by 2015. A major means of reaching this goal would be to aggressively invest in renewable energy. According to the report, renewable energy could more than double its share of the world’s energy supply – reaching up to 30% by 2030 – given the proper leadership to promote the large-scale deployment of existing technologies. Meanwhile, the total fuel cost savings for the global energy industry would reach $18.7 trillion by 2030, or $750 billion of annual savings that could be passed on to consumers.

The technologies exist to make an energy revolution a reality. What we’re lacking is the political will to get it done. Thankfully, there is a growing body of evidence that supports the basic assertion of the Energy [R]evolution that we can solve both the climate crisis and the economic crisis at the same time.

I wrote a post a couple weeks back about a UC-Berkeley report that found that California’s green policies have created 1.5 million jobs over the past three decades, and now there is even more evidence that solving global warming by investing in the clean energy sources of the future will create jobs and revitalize our ailing economy. This time the evidence is more anecdotal than scientific or data-driven, but it is nonetheless convincing. On Nov. 1 the New York Times published a lengthy piece entitled “A Splash of Green for the Rust Belt” that examined the phenomenon of the renewable energy industry breathing new life into factory towns that had been left for dead when manufacturers closed down their operations and moved out of town:
From the faded steel enclaves of Pennsylvania to the reeling auto towns of Michigan and Ohio, state and local governments are aggressively courting manufacturing companies that supply wind energy farms, solar electricity plants and factories that turn crops into diesel fuel.

This courtship has less to do with the loftiest aims of renewable energy proponents — curbing greenhouse gas emissions and lessening American dependence on foreign oil — and more to do with paychecks. In the face of rising unemployment, renewable energy has become a crucial source of good jobs, particularly for laid-off Rust Belt workers.
Investing in renewable energy can revitalize a stagnant economy! And also, it's pretty inspiring to read about the sense of patriotism and purpose that comes from working in renewables; one guy quoted in the NYT article said, "For 35 years, I pounded my body to the ground. Now, I feel like I’m doing something beneficial for mankind and the United States," while another said, "I feel I’m doing something to improve our country, rather than just building a washing machine." But it’s one thing for small municipalities to recognize how good renewables are for our country and our planet, and a whole other thing for us to realize this on a national scale. We need leadership on this issue. Here’s hoping that whatever the results, tomorrow’s elections will, at last, provide America with that leadership…

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